For Quick Alerts
ALLOW NOTIFICATIONS  
For Daily Alerts

RBL Bank Shares Hit All Time Low Even As NIM Surges To Record High In Q4

|

Shares of RBL Bank

extend their losses for the fifth straight day on April 3, 2020 to hit an all time low of Rs. 121 on the NSE.

RBL Bank Shares Hit All Time Low Even As NIM Surges To Record High In Q4
 

Meanwhile Nifty Bank is also trading with losses of close to 3%, losing more than 540 points in trade.

On Wednesday, the mid-sized private bank in a statement provided business highlights for Q4. The lender said during the period it saw strong operating profit trajectory with Net Interest Margin or NIM surging to all time high. Also, Net interest income or NII too witnessed an increase.

Also the asset quality was very much in line with the bank's guidance provided during its Q3FY20 results. Also, the bank highlighted that its liquidity position remains comfortable.

Furthermore, on a sequential basis, the cost of deposits and cost of funds are lower.

Last, the stock of RBL Bank quoted down by 7.65% or Rs. 10.05 at Rs. 121.30 per share.

GoodReturns.in

Read more about: rbl bank
Company Search
Get Instant News Updates
Enable
x
Notification Settings X
Time Settings
Done
Clear Notification X
Do you want to clear all the notifications from your inbox?
Settings X
We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Goodreturns sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Goodreturns website. However, you can change your cookie settings at any time. Learn more